APO drawdown: 31.3% below the all-time high
Apollo Global Management Inc. (New) (APO) is 31.3% below its all-time high, set Dec 11, 2024 (as of market close, Jul 24, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown. "All-time" means since our price data begins (2011).
- Below all-time high
- −31.3%
- 68.7% of ATH
- All-time high
- $178.6
- Dec 11, 2024
- Time below the high
- 1.6 yrs
- since Dec 11, 2024
- Worst-ever drawdown
- −65.2%
- Feb 11, 2016
- Longest underwater
- 4.0 yrs
- between all-time highs
- Today's level first reached
- Jul 16, 2024
- 2.0 yrs ago
- Last time this deep
- Oct 27, 2022
- in a previous episode
% of all-time high since 2011#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater.
% of all-time high on the price basis — the all-time high considers the full history of APO, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Jan 14, 2014 | Feb 11, 2016 | −65.2% | 2.1 yrs | Jan 25, 2018 | 4.0 yrs |
| Jan 23, 2020 | Mar 23, 2020 | −54.4% | 2 mo | Jun 5, 2020 | 4 mo |
| May 10, 2011 | Oct 3, 2011 | −48.6% | 5 mo | Jan 9, 2013 | 1.7 yrs |
| Dec 11, 2024 | Mar 12, 2026 | −43.8% | 15 mo | not yet | 1.6 yrs+ |
| Oct 25, 2021 | Sep 30, 2022 | −41.8% | 11 mo | Jul 13, 2023 | 1.7 yrs |
| Feb 1, 2018 | Dec 20, 2018 | −37.8% | 11 mo | Aug 28, 2019 | 1.6 yrs |
| Jun 18, 2020 | Oct 30, 2020 | −32.2% | 4 mo | Apr 26, 2021 | 10 mo |
| Jul 31, 2024 | Aug 5, 2024 | −20.9% | 5 days | Sep 26, 2024 | 57 days |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 2011: how far APO stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: APO is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ
- How far is APO from its all-time high?
- APO is currently 31.3% below its all-time high, set Dec 11, 2024 (as of market close, Jul 24, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest APO drawdown ever?
- The deepest decline on record in our data (since 2011) took the stock 65.2% below its prior high, bottoming Feb 11, 2016. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 2011 (split-adjusted). "All-time" means since our price data begins — APO may have traded earlier. For a 150-year index drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.